AYM Syntex Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 07:58 am EST
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AYM Syntex Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,313.9 million compared to INR 3,471 million a year ago. Revenue was INR 3,329.1 million compared to INR 3,490.8 million a year ago. Net loss was INR 9.2 million compared to net income of INR 5.4 million a year ago. Basic loss per share from continuing operations was INR 0.21 compared to basic earnings per share from continuing operations of INR 0.11 a year ago. Diluted loss per share from continuing operations was INR 0.21 compared to diluted earnings per share from continuing operations of INR 0.1 a year ago.
For the nine months, sales was INR 9,842.7 million compared to INR 11,281.8 million a year ago. Revenue was INR 9,887.4 million compared to INR 11,342.5 million a year ago. Net loss was INR 173.2 million compared to net income of INR 62.6 million a year ago. Basic loss per share from continuing operations was INR 3.78 compared to basic earnings per share from continuing operations of INR 1.25 a year ago. Diluted loss per share from continuing operations was INR 3.74 compared to diluted earnings per share from continuing operations of INR 1.23 a year ago.
AYM Syntex Limited is an India-based company that is engaged in manufacturing of multi-polymer and specialty synthetic yarns. The Company manufactures and exports polyester filament yarn, nylon filament yarn and bulk continuous filament yarns (BCF) from India. The Company produces polyester, nylon six, polypropylene and polyester microfiber yarns, which are used for carpets, rugs and mats. Its BCF yarns include Rezilia, Sorenyl, Ecose, Comfeel, Sparkle, Polycycle, Polymagic, Wonderfeel, Polywonder, Greenova, Silkenza, Synergy and Opulenz. Its textile yarns include synthetic solution dyed yarn, synthetic package dyed yarn, mother fully drawn yarn (FDY), mono yarn, highly oriented yarn (HOY), partially oriented yarn (POY), draw texturized yarn (DTY), air textured yarn (ATY), air covered yarn (ACY), recycled yarn, high tenacity yarn and raw white. The Companyâs multipolymer textile and BCF yarn manufacturing facility is located in Silvassa.